TOLL ETF — Tema Monopolies and Oligopolies ETF

Tema Monopolies and Oligopolies ETF (TOLL)

Updated October 8, 2026.

TOLL is an ETF. its distribution rate is 0.27%, its trailing-12-month yield is 0.27%, its expense ratio is 0.55%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 69.8% over the past 3.4 years, 26.3 points behind SPY at 96.1%.

At the current 0.27% distribution rate, a $10,000 investment would generate approximately $27 per year if the next payment matches the last regular one.

Tema Monopolies and Oligopolies ETF is an equity fund that seeks to invest at least 80% of its assets in stocks of companies operating in highly concentrated markets—those where a single market's Herfindahl-Hirschman Index exceeds 2,500 and represents more than half the company's revenue—across both domestic and foreign exchanges. The fund carries a modest current distribution rate paid annually and has an expense ratio of 0.55%. It appeals to investors interested in companies with limited competition and potential pricing power, though the non-diversified structure concentrates holdings in fewer securities than typical equity funds.

TOLL performance versus SPY

Price and return data through 2026-10-08.

Total return is 69.8% over the past 3.4 years, 26.3 points behind SPY at 96.1%. Over the past year its total return — price change plus distributions reinvested — is 19.4%. Its deepest 1-year drawdown was 11.3%.

TOLL key facts

Distribution Safety Score™

50 · Unproven

Issuer

Tema ETFs

Asset type

ETF

Asset class

Equity

Inception date

05/10/2023

Expense ratio

0.55%

Distribution rate

0.27%

Distribution frequency

Annual

Trailing yield

0.27%

Last close

$41.26 (as of 2026-10-08)

AUM

$49,198,217

Average volume

2894.0

Last dividend

$0.113

Last ex-dividend date

12/10/2025

Last payment date

12/11/2025 (as of 2025-12-11)

Beta

1.01

P/E ratio

35.6548

How Dividend Vision calculates yield and returns

Distribution rate (0.27%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.27%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Tema ETFs; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TOLL risks and drawbacks

TOLL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.3%.

Who may consider TOLL — and who may not

It is a weaker fit for investors who need monthly cash flow (TOLL pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Tema ETFs.